MCGRAW HAROLD III 4
4 · Otis Worldwide Corp · Filed May 13, 2020
Insider Transaction Report
Form 4
MCGRAW HAROLD III
Director
Transactions
- Award
Deferred Stock Units
2020-05-11$51.81/sh+3,590.041$186,000→ 32,716.878 total→ Common Stock (3,590.041 underlying)
Footnotes (2)
- [F1]The reporting person acquired these stock units under the Otis Worldwide Corporation Board of Directors Deferred Stock Unit Plan (the Plan) in connection with the reporting person's annual compensation for service as a non-employee director. The Plan provides for payment of a portion or all of the annual compensation in deferred stock units. Upon retirement or termination, the deferred stock units in the director's account under the Plan are converted into an equal number of shares of common stock that, at the director's previous election, are distributed either in a lump-sum or in installments.
- [F2]The reporting person, who was previously a member of the UTC Board of Directors, received Otis Deferred Stock Units in connection with the spin-off of the issuer from UTC that were attributable to his prior service on the UTC Board of Directors. The total reported includes these Deferred Stock Units.